Goldman Sachs BDC Shares Rise On First Day Of Trade

Shares of Goldman Sachs BDC Inc. . the investment bank's specialty lending arm, rose on their first day of trade Wednesday, after pricing at the low end of their price range late Tuesday. The shares priced at $20, compared with the $20 to $21 range. The company sold six million shares to raise $120 million. The business development company extends loans to small businesses that are in the initial stages of development.